We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petroneft Resources Plc | LSE:PTR | London | Ordinary Share | IE00B0Q82B24 | ORD EUR0.01 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.085 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPTR
RNS Number : 7525U
Petroneft Resources PLC
08 April 2021
April 8(th) 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
PetroNeft Resources plc
("PetroNeft" or the "Group" or the "Company")
Conversion of Debt
PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, is pleased to provide a financing update.
Highlights
-- $156,000 of debt converted to equity under the 2019 convertible loan agreement for the issuance of 10,084,034 new Ordinary shares.
Loan facility
PetroNeft historically entered into a convertible loan agreement June 24(th) 2019 for US$1.3 Million with a group of five lenders. Lenders under this agreement have the right to convert up to 65% of the outstanding loan amount at a conversion price of US$0.01547 per share. Three of the five lenders have already converted the maximum amount under this agreement earlier this month.
Daria Shaftelskaya currently owns 90,670,555 ordinary shares, with this issuance of 10,084,034 her resulting shareholding will increase to 100,754,589 shares being 9.64% of the shares in circulation.
The conversion of this debt to shares will result in the outstanding debt under this agreement being reduced from $0.661 Million to $0.505 Million and will result in an increase in the total number of issued shares in the Company from 1,035,151,353 to 1,045,235,387. The shares are being issued at a premium to the share price on the date when the terms of the agreement were announced.
Application will be made to the London Stock Exchange and Euronext Dublin for the 10,084,034 PetroNeft ordinary shares to be admitted to trading on AIM and Euronext Growth. It is expected that admission to trading on each exchange will become effective and that dealings in the New Ordinary Shares will commence on AIM and Euronext Growth at 8.00 a.m. on 14 April 2021.
For further information, contact:
+44 7903 869 David Sturt, CEO, PetroNeft Resources plc 608 John Frain / Caroline Pearson, Davy (NOMAD and +353 1 679 Broker) 6363 ------------- +353 1 498 Joe Heron / Douglas Keatinge, Murray Consultants 0300 -------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
CONFZGGDLNDGMZM
(END) Dow Jones Newswires
April 08, 2021 02:00 ET (06:00 GMT)
1 Year Petroneft Resources Chart |
1 Month Petroneft Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions